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MSI GuaranteedWeather, LLC, a weather risk transfer focused subsidiary of MS&AD’s Mitsui Sumitomo Insurance Co., Ltd. (MSI), has developed a dual-trigger weather derivative product to help a renewable energy producer hedge the effects of two weather variables at the same time. In its first-use case, the dual-trigger weather derivative has been put to use for…
Read MoreThis story originally appeared on SmartAsset. Older American workers have been disproportionately affected by not only the health impacts of COVID-19, but also its corresponding economic shock, which has deeply affected their ability to budget and save for their retirement. In fact, workers 65 and older have seen some of the highest recent unemployment rates.…
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The market for investments in insurance-linked securities (ILS) is expected to return to growth by many of its core constituents after a stall in activity caused by the COVID-19 pandemic, a survey of the market by Willis Towers Watson has found. COVID-19 caused end-investors in ILS to postpone allocations to the market, but did not…
Read MoreThis story originally appeared on The Penny Hoarder. Social Security isn’t just a retirement program. It also provides for people who are disabled, the survivors of workers who have died, and the dependents of recipients. However, because retirees are by far the largest group of people to receive benefits, we’re focusing on Social Security retirement…
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The Government of Nicaragua will receive a US $10.7 million payout after recent major hurricane Eta triggered its parametric tropical cyclone insurance policy with the CCRIF. The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) provides a range of parametric catastrophe insurance products to the Caribbean and Central America region, including for…
Read MoreAt issue is China’s refusal to let inspectors from the PCAOB review audits of some Chinese businesses. Original Article Posted at : https://www.accountingtoday.com/articles/sec-plan-could-delist-chinese-companies-over-auditing-rules
Read MoreThe exposure draft covers leases, fiduciary activities and other topics. Original Article Posted at : https://www.accountingtoday.com/news/gasb-proposes-new-implementation-guidance-on-leases-and-more
Read MoreAccountants and tax pros have been crucial to helping small businesses get through COVID-19 so far, said Thomson Reuters’ Charlotte Rushton. Original Article Posted at : https://www.accountingtoday.com/news/a-focus-on-advisory-services-gave-firms-a-leg-up-during-pandemic
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“While there is a myriad of expert opinions on what long term effects this pandemic will have on our children and their physical and mental health, we must also remember the age-old idiom: this too shall pass. We must also be sensitive to not add to parents’ already full plates. Meditation is not meant to…
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The global pandemic and costly natural catastrophes will contribute to a projected 101.7 combined ratio for the U.S.’s property/casualty (P/C) insurers in 2020, higher than the 98.8 the industry posted last year, according to the latest Underwriting Projections: 2020-2022 report from Insurance Information Institute (Triple-I) and Milliman. The combined ratio is the percentage of each…
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